The total market cap of cryptocurrencies fell from $3.55 trillion to $3.32 trillion, marking a 6.5% decrease. Ethereum’s sharp drop highlighted the fragility of the recent price rally.
The Crypto Fear and Greed Index indicated rising fear among investors, now at 27, down from the 60s range just weeks ago. Trading volume spiked to $247 billion, signaling heightened selling activity.
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